Remember how Trump was supposed to be "against elites"?

[KCfromNC]

It was not a bribe; it was negotiating by a master business man.

So you're saying that reports of the company getting millions in breaks out of the deal are false?

 

[Jack of Spades]

Let's be optimistic and idealistic and assume that Trump did this all by himself, nobody was bribed and this was pure merit for him and for the USA. Trump saved 100 jobs, fair and square.

Then, let's put this in context:
Assuming 157 800 000 people workforce (2015 in USA) that would mean that he tuned the unemployment rate down by 0,000063 %

If during his 4 years in office, he makes every single day a similar, succesfull deal, and spends his time doing them, that would mean his actions would improve the employment rate by 0,0009252%. That is, assuming everything else stays the same and no other factor changes anything.

How that would compare to Obama's 4 years?

 

[Nithavela]

Let's be optimistic and idealistic and assume that Trump did this all by himself, nobody was bribed and this was pure merit for him and for the USA. Trump saved 100 jobs, fair and square.

Then, let's put this in context:
Assuming 157 800 000 people workforce (2015 in USA) that would mean that he tuned the unemployment rate down by 0,000063 %

If during his 4 years in office, he makes every single day a similar, succesfull deal, and spends his time doing them, that would mean his actions would improve the employment rate by 0,0009252%. That is, assuming everything else stays the same and no other factor changes anything.

How that would compare to Obama's 4 years?

It is mostly a symbolic act.

Symbolic acts can actually be powerfull, inspiring and meaningfull, but only when they are backed up with real action on a more fundamental level.

 

[Jack of Spades]

It is mostly a symbolic act.

Symbolic acts can actually be powerfull, inspiring and meaningfull, but only when they are backed up with real action on a more fundamental level.

Yep. If symbolic showcases like this one are done as an additional bonus to a macro-scale program, they promote the program very well.

If they are done without such programs, the only thing they practically serve in the big picture is to promote the cult of personality of the person doing those showcases.

 

[Sultan Of Swing]

I thought it was the state of Indiana bribing them with $7 million dollars which did that. Trump is president elect, not emperor of Indiana last time I checked.

But given the multiple stories (and multiple different versions of how many jobs are staying or going and from where) who knows who is telling the truth. Oh wait, given Trump's spotless record on honesty I'm sure we can just accept what he says.

Indiana already offered them tax breaks and it didn't work. The election changed everything with the threat of federal contracts potentially being removed.

 

[Aryeh Jay]

So you're saying that reports of the company getting millions in breaks out of the deal are false?

I’m saying that President Elect Trump made it perfectly clear that there would be dire consequences for American business leaving and going offshore.

 

[wing2000]

I’m saying that President Elect Trump made it perfectly clear that there would be dire consequences for American business leaving and going offshore.

He's starting to sound like Fidel Castro...

 

[wing2000]

......Mnuchin milked the tax payers and later sold the troubled bank a great profit.

Hold on to your wallets....


When Donald Trump named his Treasury secretary, Teena Colebrook felt her heart sink.

She had voted for the president-elect on the belief that he would knock the moneyed elites from their perch in Washington, D.C. And she knew Trump's pick for Treasury_Steven Mnuchin_all too well.

OneWest, a bank formerly owned by a group of investors headed by Mnuchin, had foreclosed on her Los Angeles-area home in the aftermath of the Great Recession, stripping her of the two units she rented as a primary source of income.
.....

For Mnuchin, the fundamental problem stems from the Great Recession. His investor group was the sole bidder to take control of the troubled bank IndyMac in 2009. The group struck a deal that left the Federal Deposit Insurance Commission responsible for taking as much as 80 percent of the losses on former IndyMac assets and rebranded the troubled bank as OneWest.

https://apnews.com/0f1305c8742547df...voter-lost-her-home-to-new-Treasury-secretary

 

[BigDaddy4]

Let's be optimistic and idealistic and assume that Trump did this all by himself, nobody was bribed and this was pure merit for him and for the USA. Trump saved 100 jobs, fair and square.

Then, let's put this in context:
Assuming 157 800 000 people workforce (2015 in USA) that would mean that he tuned the unemployment rate down by 0,000063 %

If during his 4 years in office, he makes every single day a similar, succesfull deal, and spends his time doing them, that would mean his actions would improve the employment rate by 0,0009252%. That is, assuming everything else stays the same and no other factor changes anything.

How that would compare to Obama's 4 years?

Based on your assumptions ("...everything else stays the same and no other factor changes anything"), better than Obama. Obama did no such thing.

 

[Aryeh Jay]

Sounds like someone should have had a backup plan and paid their bills. Meanwhile, America is on its way to being great again.

 

[Armoured]

Based on your assumptions ("...everything else stays the same and no other factor changes anything"), better than Obama. Obama did no such thing.

What are employment rates now compared to at the start of Obama's first term?

 

[BigDaddy4]

What are employment rates now compared to at the start of Obama's first term?

Irrelevant. Please pay attention to the "assumptions" that were made by Jack of Spades, especially the quote of mine you responded to. Because that was part of the exact quote of his that I was responding to. Overall employment rates were excluded ("no other factors").

 

[Armoured]

Irrelevant. Please pay attention to the "assumptions" that were made by Jack of Spades, especially the quote of mine you responded to. Because that was part of the exact quote of his that I was responding to. Overall employment rates were excluded ("no other factors").

Uh-huh.

 

[DaisyDay]

Why is threatening their federal contracts crony capitalism?

Not the threats part, the bribes part.

Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of state interventionism.​

As Andy Borowitz puts it, satirically:

[Trump] raised the cautionary example of Carrier Corporation, which this week decided to keep a few hundred jobs in the U.S. in exchange for a seven-million-dollar government incentive....

In a parting shot, Trump warned companies that he was prepared to back up his tough rhetoric with even tougher action. “I will bribe you so hard, your grandchildren will get paid,” he threatened.​

 

[Sultan Of Swing]

Not the threats part, the bribes part.

Crony capitalism is a term describing an economy in which success in business depends on close relationships between business people and government officials. It may be exhibited by favoritism in the distribution of legal permits, government grants, special tax breaks, or other forms of state interventionism.​

As Andy Borowitz puts it, satirically:

[Trump] raised the cautionary example of Carrier Corporation, which this week decided to keep a few hundred jobs in the U.S. in exchange for a seven-million-dollar government incentive....

In a parting shot, Trump warned companies that he was prepared to back up his tough rhetoric with even tougher action. “I will bribe you so hard, your grandchildren will get paid,” he threatened.​

It would seem the crux of the deal was indeed the federal threats part though, when the state of Indiana was already offering them the same tax incentive package for months.